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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
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Ethereum (ETH) is in a four-hour range oscillation, with 3000 Ether within reach. Are you still waiting for a big dump?
Ethereum four-hour analysis: 1. After the close at 8 AM on the 13th, following a long lower shadow bearish candle, the market entered a bottom consolidation phase. 2. Taking the high and low points of the first wave of upward movement, prices are in a range consolidation. 3. There is a wave of pullback within the consolidation range, and the magnitude of the pullback is decreasing. 4. The body of the pullback bearish candle is getting smaller. 5. The pullback is on lower volume. 6. This four-hour candle closed with a bullish engulfing pattern. 7. The bullish engulfing pattern did not have increased volume, so it cannot be considered a reversal signal, but rather a signal of bottoming out. 8. Prices are running above 50% within the consolidation. Analyzing through subtle clues: Ethereum's four-hour bullish momentum is stronger than bearish, looking bullish in the future. Just look for opportunities to buy.
Yesterday's analysis indicated that the four-hour chart would experience range-bound fluctuations, and the market has been validated. Once multiple reversal signals appear, a breakout above the neck line will signify a new round of upward momentum. The bull market resistance level is meant to be broken, and the next target is $3000, with time running short. If a few crabs are put in a bucket, a lid is needed; otherwise, they will immediately crawl out. However, if there are many crabs, no lid is needed, as they will pull each other down. If one climbs to the rim of the bucket, the other crabs will drag it down, and none will be able to escape.
Human nature is to fear that others are better than oneself, leading to mutual difficulties.
The cryptocurrency world is the same; don't tell relatives and friends how much currency you bought, what currency you bought, how much it's worth, etc., because if the currency you bought makes money, they will be jealous of you, and if it loses money, they will mock you.